Nidec Announces the Status of Own Share Repurchase
Nidec (TOKYO: 6594; OTC US: NJDCY) has announced the status of its own share repurchase program, approved by the Board of Directors on May 24, 2024. The repurchase plan allows for up to 5,000,000 common shares (0.87% of total shares issued, excluding treasury stock) to be bought back, with a total repurchasable amount of 35 billion yen. The repurchase period runs from May 27, 2024, through May 26, 2025.
However, for the period from August 1, 2024, through August 30, 2024, Nidec reported that no shares were repurchased, and the total repurchase amount remained at 0 yen. This update is part of the company's ongoing commitment to transparency in its share repurchase activities.
Nidec (TOKYO: 6594; OTC US: NJDCY) ha annunciato lo stato del proprio programma di riacquisto di azioni, approvato dal Consiglio di Amministrazione il 24 maggio 2024. Il piano di riacquisto consente l'acquisto di un massimo di 5.000.000 di azioni ordinarie (0,87% del totale delle azioni emesse, escluse quelle in tesoreria), per un importo totale riacquistabile di 35 miliardi di yen. Il periodo di riacquisto va dal 27 maggio 2024 al 26 maggio 2025.
Tuttavia, per il periodo dall'1 agosto 2024 al 30 agosto 2024, Nidec ha riportato che non sono state riacquistate azioni, e l'importo totale del riacquisto è rimasto a 0 yen. Questo aggiornamento fa parte dell'impegno continuo dell'azienda per la trasparenza nelle proprie attività di riacquisto di azioni.
Nidec (TOKIO: 6594; OTC US: NJDCY) ha anunciado el estado de su propio programa de recompra de acciones, aprobado por la Junta Directiva el 24 de mayo de 2024. El plan de recompra permite la adquisición de hasta 5,000,000 de acciones ordinarias (0.87% del total de acciones emitidas, excluyendo las acciones en tesorería), con un monto total de recompra de 35 mil millones de yenes. El período de recompra va del 27 de mayo de 2024 al 26 de mayo de 2025.
No obstante, para el período del 1 de agosto de 2024 al 30 de agosto de 2024, Nidec informó que no se compraron acciones, y el monto total de recompra permaneció en 0 yenes. Esta actualización forma parte del compromiso continuo de la empresa con la transparencia en sus actividades de recompra de acciones.
Nidec (TOKYO: 6594; OTC US: NJDCY)는 2024년 5월 24일 이사회에서 승인한 자사 주식 매입 프로그램의 현황을 발표했습니다. 매입 계획은 최대 5,000,000주(발행된 총 주식의 0.87%, 자사주 제외)를 매입할 수 있도록 하며, 총 매입 가능한 금액은 350억 엔입니다. 매입 기간은 2024년 5월 27일부터 2025년 5월 26일까지입니다.
그러나 2024년 8월 1일부터 2024년 8월 30일까지의 기간 동안, Nidec는 주식이 매입되지 않았다고 보고했습니다, 그리고 총 매입 금액은 0엔으로 유지되었습니다. 이 업데이트는 자사의 주식 매입 활동에 대한 투명성을 지속적으로 유지하려는 회사의 노력의 일환입니다.
Nidec (TOKYO: 6594; OTC US: NJDCY) a annoncé l'état de son propre programme de rachat d'actions, approuvé par le conseil d'administration le 24 mai 2024. Le plan de rachat permet jusqu'à 5 000 000 d'actions ordinaires (0,87 % du total des actions émises, hors actions de trésorerie) d'être rachetées, avec un montant total rachetable de 35 milliards de yens. La période de rachat va du 27 mai 2024 au 26 mai 2025.
Cependant, pour la période du 1er août 2024 au 30 août 2024, Nidec a signalé qu'aucune action n'avait été rachetée, et le montant total du rachat est resté à 0 yens. Cette mise à jour fait partie de l'engagement continu de l'entreprise en faveur de la transparence dans ses activités de rachat d'actions.
Nidec (TOKIO: 6594; OTC US: NJDCY) hat den Status seines eigenen Aktienrückkaufprogramms bekannt gegeben, das am 24. Mai 2024 vom Vorstand genehmigt wurde. Der Rückkaufplan erlaubt den Erwerb von bis zu 5.000.000 Stammaktien (0,87% der insgesamt ausgegebenen Aktien, ohne eigene Aktien) mit einem insgesamt rückkaufbaren Betrag von 35 Milliarden Yen. Der Rückkaufzeitraum läuft vom 27. Mai 2024 bis zum 26. Mai 2025.
Für den Zeitraum vom 1. August 2024 bis zum 30. August 2024 , und der gesamte Rückkaufbetrag blieb bei 0 Yen. Dieses Update ist Teil des kontinuierlichen Engagements des Unternehmens für Transparenz in seinen Aktienrückkaufaktivitäten.
- Board approval for repurchase of up to 5,000,000 shares
- Substantial repurchase budget of 35 billion yen allocated
- Long repurchase period allowing for strategic buybacks
- No shares repurchased in the reported period
- Potential opportunity cost of unutilized funds allocated for buyback
(Repurchase of own shares, pursuant to the Company’s Articles of Incorporation based on the provisions of Item 1 of Article 459 (1) of the Companies Act of
Details of Share Repurchase
- Period of own share repurchase: From August 1, 2024 through August 30, 2024
- Class of shares: Common stock
- Number of own shares repurchased: 0
-
Total repurchase amount:
0 yen
Note: The above repurchase information has been prepared on the basis of trade date.
Reference
A) Details of the share repurchase plan authorized by the Board of Directors on May 24, 2024:
- Class of shares: Common stock
-
Total number of shares that may be repurchased: Up to 5,000,000 shares
(0.87% of total number of shares issued, excluding treasury stock) -
Total repurchasable amount:
35 billion yen - Period of repurchase: From May 27, 2024 through May 26, 2025
B) Total number and yen amount of own shares repurchased from May 27, 2024 through August 30, 2024, pursuant to the Board of Directors resolution above:
- Total number of own shares repurchased: 0
-
Total repurchase amount:
0 yen
View source version on businesswire.com: https://www.businesswire.com/news/home/20240901539507/en/
Teruaki Urago
General Manager
Investor Relations
+81-75-935-6140
ir@nidec.com
Source: Nidec Corporation
FAQ
What is the maximum number of shares Nidec (NJDCY) can repurchase under the current plan?
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